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January 26, 2012 at 1:33 PM

Puget Sound Energy seeking rate increase

The Associated PressQuantcast

It’s just a coincidence Puget Sound Energy is asking state regulators to approve an 8 percent increase in electrical rates at the same time hundreds of thousands of customers were knocked out of service by winter snow, ice and wind storms.

The increase was requested in May and the state Utilities and Transportation Commission is going through a process that will include public hearings Wednesday in Bellevue, where the utility is based, and on Feb. 15 in Olympia.

The News Tribune reports PSE also is requesting a 3 percent increase in its natural gas rates.

The commission staff is recommending smaller increases. A final decision by the commission is expected in the spring.

PSE spokeswoman Terri-Ann Betancourt says the rate increase is based on business conditions over several years.

Comments | More in General news | Topics: electricity, natural gas, Puget Sound Energy

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